Facebook, is this the best you can do?

By Kevin Kelleher
February 2, 2012

In the world of Internet IPOs, it doesn’t get bigger than this: Facebook, the world’s biggest social network, files for the biggest ever Internet IPO! On first glance, everything about it seems outsize: The company’s raising $5 billion! It made $3.7 billion in revenue last year! And $1 billion in net income! Even the stated mission — “to make the world more open and connected” — is impossibly expansive. It’s all so expectedly huge it’s almost bland.

IPOverload: Facebook goes public

February 1, 2012

The least suspenseful waiting game in Silicon Valley is now over, thank heavens. Facebook, which began as a decidedly private Harvard hangout, has begun the process of going absolutely, totally, unabashedly public.

Zynga’s Pincus fights back against copycat accusations

February 1, 2012

Mark Pincus, the CEO of Zynga, isn’t pleased with reports that Zynga is ripping off games from small developers so he is doing something about it–wielding his pen to write passionate manifestos to employees invoking Silicon Valley greats like Apple.

Tech wrap: Apple cares, says CEO Tim Cook

By Reuters Staff
January 27, 2012

Apple has never turned “a blind eye” to the problems in its supply chain and any suggestion it does not care about the plight of workers is “patently false,” Apple Chief Executive Tim Cook said in an email to employees. Cook was responding to a report in The New York Times about working conditions at Apple’s main contract manufacturer, Foxconn, in China, an issue that for years has been a thorn in the company’s side.

Fear not Google’s bid to rock ‘n’ rule your world

January 27, 2012

 

Stop me if you’ve heard this one:

Big social media company changes its privacy rules. The Internet goes nuts. The tech press fuels the flames. Much hand-wringing and shouts of promises not kept ensue.

Tech wrap: Netflix gets subscribers back

January 25, 2012

Netflix’s fourth-quarter revenue outpaced Wall Street’s expectations as the video rental website reversed subscriber losses to sign up more than 600,000 new U.S. customers in the period, pushing its shares up. Netflix posted a 47 percent leap in fourth-quarter revenue to $876 million, outpacing an average forecast for $857.9 million, according to Thomson Reuters I/B/E/S.

Facebook’s new class of apps expand the social vocabulary

January 19, 2012

Time was when “liking” something on Facebook was the standard way to recommend something on the social network.

Tech wrap: Wikipedia, Google protest anti-piracy bill

January 18, 2012

The English homepage of Wikipedia went dark and Google’s search page ran the logo “Tell Congress: Please don’t censor the web!” in protest of legislation designed to stop copyright piracy but the free online encyclopedia says “could fatally damage the free and open Internet.” Big tech names including Facebook and Twitter declined to participate in protests of the House of Representatives’ Stop Online Piracy Act and the Senate’s PROTECT Intellectual Property Act, despite their opposition to the legislation, unwilling to sacrifice a day’s worth of revenue and risk the ire of users.

Tech wrap: Microsoft presses pause on Web TV

January 11, 2012

Microsoft has put its talks with media companies about an online subscription service for TV shows and movies on hold, according to people familiar with the discussions. The company had been in intense talks with potential programming partners for over a year and was hoping to roll out the service in the next few months. But it pulled back after deciding that the licensing costs were too high for the business model Microsoft envisaged, the sources said.  Microsoft is still working to distribute TV shows over the Web, focusing on delivering programming via its Xbox gaming system to existing cable subscribers.

Tech wrap: Nokia throne in Samsung’s sights

January 10, 2012

Samsung CEO Choi Gee-sung told reporters in Las Vegas the company overtook Nokia in handset revenue terms in its latest reported quarter and was confident of topping the Finnish group in shipments this year. Samsung’s bullish forecast is in line with some analysts, including Royal Bank of Scotland, but on average analysts have expected Nokia to keep its lead on the market. According to the latest polls by Reuters, Nokia was expected to sell 418 million phones in 2011, versus Samsung’s 320 million, the gap narrowing this year to 388 million versus 359 million.